Is South Union Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Union Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, South Union Township was a Seller's Market.

Key Takeaway

South Union Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in South Union Township, PA

How much do homes in South Union Township, PA cost?

Median Sold Price

$226,450

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,450(+5.3%)

Key Takeaway

Homes in South Union Township have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in South Union Township was $226,450 in November 2024, up 5.3% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$105K
N/A
2 $110K$157.5K
+43.2%
3 $215K$249K
+15.8%
4 $314K$270K
-14.0%
5+ $340K$485K
+42.6%

Summary: South Union Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 43.2%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes increased by 42.6%.

Median Sold Price Compared To Nearby Cities

South Union Township
+5.3%
North Union Township
+3.0%
Uniontown
+1.5%

Housing Supply in South Union Township, PA

How many homes are available in South Union Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5448-11.1%

Summary: The South Union Township real estate market had 48 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 2928
-3.4%
4 1310
-23.1%
5+ 44
0.0%

Summary: The South Union Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Union Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in South Union Township in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for South Union Township, PA

How long does it take to sell a home in South Union Township, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
59 Days64 Days+8.6%

Summary: Homes in South Union Township had an average of 64 days on market in Nov 2024, up by 8.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South Union Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in South Union Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in South Union Township, PA

Nearby Markets to South Union Township, PA

What housing markets are near South Union Township, PA?